SCOPE
Navigating Tax Complexity
More Energy Efficient Than Cars, Public Transit Reduces Energy Consumption
of Traffic Congestion is Reduced by Public Transit During Peak Hours
Metric Tons of Carbon Emissions Are Reduced Annually by Public Transit
Gallons of Gasoline Are Saved Annually by Public Transit
OUR EXPERTISE
Dynamic Pricing and Revenue Diversification in Public Transit
How can your public transit system utilize dynamic pricing to balance affordability and revenue generation? Traditional fare structures no longer suffice in today’s volatile transit environment. We help transit agencies implement dynamic pricing models—adjusting fares based on demand, peak hours, and commuter behaviors—while maintaining equitable access. Beyond fares, we explore diversified revenue streams such as partnerships with local businesses, advertising, and value-added services. Our approach enables agencies to maximize revenue, optimize fleet utilization, and remain financially sustainable without sacrificing public access.
Optimizing Federal Funding
Is your public transit agency fully compliant with government grant reporting requirements? Securing and managing government grants is crucial for public transit systems, yet navigating the compliance and reporting requirements can be complex. Our firm specializes in helping public transit agencies ensure compliance with federal, state, and local funding regulations, including the Federal Transit Administration (FTA) guidelines. We provide end-to-end grant management services, from identifying funding opportunities and preparing applications to managing disbursements and ensuring proper reporting. Our support reduces audit risks and ensures funding is used effectively to enhance transit infrastructure and service delivery.
Cost Allocation and Financial Oversight
Are your cost allocation practices aligned with public transit regulations and funding requirements? Effective cost allocation is essential for public transit systems to ensure that public funds are used efficiently and in accordance with regulatory guidelines. We assist agencies in developing customized cost allocation methods that comply with government standards and provide clear insights into operational expenses. Our accounting professionals ensure that costs are correctly distributed across services, departments, and projects, giving you greater financial control and transparency while maintaining compliance with federal and state regulations.
Revenue Optimization
Is your public transit agency making the most of its revenue potential? Public transit agencies must optimize various revenue sources, from fare collections to advertising partnerships and grants. Our firm provides strategic financial advisory services to identify new revenue streams and optimize existing ones. We work with transit agencies to develop financial models that forecast revenue based on ridership trends, funding cycles, and pricing strategies. By integrating innovative financial planning, we ensure your transit system stays financially sustainable, even amid fluctuating ridership or funding cuts.
Audit and Assurance Services
Is your public transit agency prepared for its next audit? With the complex financial and regulatory requirements governing public transportation, rigorous audits are an essential part of maintaining public trust and funding eligibility. We provide comprehensive audit and assurance services tailored to the public transit sector, ensuring compliance with government accounting standards (GASB) and funding regulations. Our team conducts thorough internal and external audits, identifying risks and providing actionable insights to improve financial controls, operational efficiency, and compliance, while minimizing the potential for audit findings.
Internal Controls and Fraud Prevention
Is your public transit system protected from internal fraud or financial mismanagement? Public transit agencies are often at risk of financial mismanagement and fraud due to the large volumes of cash transactions, government funding, and complex procurement processes. We help implement robust internal controls to safeguard your finances, reduce fraud risks, and ensure compliance with regulatory standards. Our experts conduct regular reviews of your financial systems, policies, and procedures, identifying vulnerabilities and offering solutions to strengthen your controls, mitigate risks, and enhance the overall financial integrity of your operations.
Capital Project Accounting
How can your agency ensure that capital projects stay on budget and on schedule? Managing large capital projects, such as the construction of new transit lines or the purchase of fleet vehicles, requires detailed accounting and financial oversight. Our firm specializes in capital project accounting, providing project cost tracking, cash flow management, and compliance with funding regulations. We assist in forecasting, budgeting, and reporting, ensuring that your projects are completed on time and within budget while adhering to federal and state financial guidelines.
Performance Metrics and Financial Analysis
How can your public transit agency use financial data to improve performance and service delivery? Financial performance metrics are essential for evaluating how efficiently your public transit system is operating. We assist agencies in developing and implementing key performance indicators (KPIs) that measure financial health, operational efficiency, and service delivery. By analyzing data such as cost-per-ride, revenue generation, and service reliability, we help transit agencies optimize operations, reduce waste, and make informed decisions that improve both financial outcomes and the rider experience.
